Story Details

Block chain Development in Real Estate Projects | X-Byte Solutions

xbytesolutions on Web Technology - What’s considered to be the backbone of cryptocurrencies is slowly making its way into other industries as well. Companies are slowly waking up to business transformations possible with blockchain technology. From financial companies to healthcare providers, businesses are trying and experimenting on ways to implement blockchain technology to tighten their processes.

However, what nobody saw coming was the onset of blockchain in the real estate sector. An industry known for its offline and paperwork processes is increasingly interested in deploying blockchain technologies to streamline its processes.

Research conducted by Deloitte to study the reach of blockchain technology across industries reveals that over 53% of its respondents are making this technology a critical part of their operations. Besides, the study also sheds light on strong investments blockchain technology is receiving. Investors are ready to pump in over $5mn for blockchain initiatives, resulting in a 40$ growth from last year’s statistics.

Submit a Comment

Log in to comment or register here